REPRESENTING

US home sales fall to 12-year low; glimmers of hope are emerging

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US home sales fall to 12-year low; glimmers of hope are emerging

Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the … Read more

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

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The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that … Read more

Wall St plunges as tight labor market fuels Fed concerns

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Wall St plunges as tight labor market fuels Fed concerns

Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate … Read more

Stocks stumble as Chinese data stoke global economy fears

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Stocks stumble as Chinese data stoke global economy fears

Euro STOXX 600 down 0.2% China’s growth in 2022 is one of the worst in nearly 50 years Asian stocks slip 0.4% Yen close to 7-month highs LONDON, Jan 17 (Reuters) – Shares tumbled on Tuesday after China’s 2022 growth slump, halting their New Year’s rally and keeping investors on edge for the risk of … Read more

Stocks Rise, Yen Climbs as BOJ Fights Bond Bears

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Stocks Rise, Yen Climbs as BOJ Fights Bond Bears

BOJ under heavy pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More profits to come, many central bank speakers Britain’s FTSE flirts with a record SYDNEY/LONDON, Jan 16 (Reuters) – Stocks firmed on Monday as optimism over corporate earnings and the reopening of China feared the Bank of … Read more

S&P 500 closes at month’s high, indices gain for a week as earnings kick in

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S&P 500 closes at month’s high, indices gain for a week as earnings kick in

JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of … Read more

Lithuania-Latvia gas pipeline explodes, but no signs of attack

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Lithuania-Latvia gas pipeline explodes, but no signs of attack

VILNIUS, Jan 13 (Reuters) – A gas pipeline linking Lithuania to Latvia was hit by an explosion on Friday but there was no immediate evidence of an attack, Lithuanian gas transmission operator Amber said. Grid. Video released by Lithuanian public broadcaster LRT showed a raging fire at the site of the blast in Panevezys county … Read more

Wall St jumps on optimism ahead of key inflation report

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Wall St jumps on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains NEW YORK, Jan 11 (Reuters) – U.S. stocks closed with strong gains on Wednesday, led by a jump in the Nasdaq as investors were bullish ahead of an inflation report that could give the Federal Reserve some leeway to reverse … Read more